The Sensex fell as much as 261 points and the Nifty 50 index fell below its important psychological level of 17,500.
The Indian equity benchmarks edged lower on Friday as investors booked profits after a three-day rally which saw Sensex and Nifty surge over 3.5 percent amid weak global cues. The Sensex fell as much as 261 points and the Nifty 50 index fell below its important psychological level of 17,500. Asian shares slipped and the dollar held firm on Friday as traders edged away from riskier assets amid renewed concerns about COVID-19 and ahead of key U.S. inflation data that could set direction on Federal Reserve rates.
MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.4 percent and Japan’s Nikkei shed 0.5 percent.
Overnight the S&P 500 lost 0.72 percent and the Nasdaq Composite dropped 1.71 percent. S&P 500 futures rose 0.14 percent in Asian hours.
